Dril Cash And Equivalents vs Capital Stock Analysis

DRQ Stock

USD 18.60 0.06 0.32%

Dril Quip financial indicator trend analysis is much more than just examining Dril Quip latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dril Quip is a good investment. Please check the relationship between Dril Quip Cash And Equivalents and its Capital Stock accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dril Quip. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Dril Stock, please use our How to Invest in Dril Quip guide.

Cash And Equivalents vs Capital Stock

Cash And Equivalents vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dril Quip Cash And Equivalents account and Capital Stock. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Dril Quip's Cash And Equivalents and Capital Stock is 0.81. Overlapping area represents the amount of variation of Cash And Equivalents that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Dril Quip, assuming nothing else is changed. The correlation between historical values of Dril Quip's Cash And Equivalents and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Equivalents of Dril Quip are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Cash And Equivalents i.e., Dril Quip's Cash And Equivalents and Capital Stock go up and down completely randomly.

Correlation Coefficient

0.81

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Cash And Equivalents

Capital Stock

The total amount of a company’s capital funded by shareholders through the issue and subscription of shares.

Most indicators from Dril Quip's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dril Quip current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dril Quip. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Dril Stock, please use our How to Invest in Dril Quip guide.At this time, Dril Quip's Enterprise Value Over EBITDA is relatively stable compared to the past year. As of 05/05/2024, Enterprise Value Multiple is likely to grow to 20.49, while Selling General Administrative is likely to drop slightly above 68.8 M.

	2021	2022	2023	2024 (projected)
Gross Profit	80.6M	96.1M	115.4M	172.9M
Total Revenue	322.9M	362.1M	424.1M	463.5M

Gross Profit Total Revenue

Dril Quip fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock Total Equity	Common Stock	Other Assets
Total Assets		-0.82	-0.15	0.61	1.0	0.97	-0.86	0.93	0.38	0.85	0.93	0.18	0.85	0.77	0.72	-0.75	0.83	0.02	-0.09	0.49	0.04	0.99	0.61	0.86	0.86	-0.26
Short Long Term Debt Total	-0.82		-0.12	-0.54	-0.82	-0.82	0.82	-0.73	-0.2	-0.81	-0.75	-0.33	-0.81	-0.48	-0.73	0.69	-0.6	-0.3	-0.14	-0.41	-0.14	-0.82	-0.28	-0.81	-0.81	0.22
Other Current Liab	-0.15	-0.12		-0.24	-0.14	-0.16	-0.1	-0.1	0.35	0.11	0.0	0.39	0.15	-0.24	-0.24	0.4	-0.5	0.48	0.41	-0.15	0.45	-0.19	-0.8	0.09	0.09	0.31
Total Current Liabilities	0.61	-0.54	-0.24		0.54	0.69	-0.25	0.35	0.49	0.22	0.49	-0.16	0.21	0.71	0.78	-0.49	0.78	-0.27	0.36	0.98	0.08	0.64	0.56	0.73	0.73	-0.11
Total Stockholder Equity	1.0	-0.82	-0.14	0.54		0.95	-0.89	0.96	0.34	0.88	0.93	0.21	0.88	0.74	0.68	-0.75	0.8	0.05	-0.14	0.4	0.03	0.99	0.59	0.83	0.83	-0.26
Property Plant And Equipment Net	0.97	-0.82	-0.16	0.69	0.95		-0.8	0.85	0.35	0.79	0.93	0.18	0.78	0.78	0.81	-0.7	0.87	-0.06	0.04	0.58	0.02	0.95	0.57	0.91	0.91	-0.27
Net Debt	-0.86	0.82	-0.1	-0.25	-0.89	-0.8		-0.89	-0.11	-1.0	-0.87	-0.48	-1.0	-0.46	-0.5	0.68	-0.53	-0.29	0.16	-0.11	0.05	-0.83	-0.36	-0.66	-0.66	0.4
Retained Earnings	0.93	-0.73	-0.1	0.35	0.96	0.85	-0.89		0.35	0.89	0.91	0.29	0.9	0.66	0.48	-0.69	0.64	0.16	-0.35	0.21	0.06	0.91	0.55	0.69	0.69	-0.22
Accounts Payable	0.38	-0.2	0.35	0.49	0.34	0.35	-0.11	0.35		0.11	0.4	-0.01	0.16	0.55	0.16	0.03	0.2	0.06	0.13	0.56	0.52	0.36	0.04	0.52	0.52	0.46
Cash	0.85	-0.81	0.11	0.22	0.88	0.79	-1.0	0.89	0.11		0.87	0.48	1.0	0.45	0.49	-0.64	0.51	0.29	-0.17	0.08	-0.03	0.82	0.34	0.64	0.64	-0.38
Non Current Assets Total	0.93	-0.75	0.0	0.49	0.93	0.93	-0.87	0.91	0.4	0.87		0.3	0.87	0.65	0.62	-0.61	0.69	0.05	-0.05	0.38	0.09	0.88	0.45	0.84	0.84	-0.19
Non Currrent Assets Other	0.18	-0.33	0.39	-0.16	0.21	0.18	-0.48	0.29	-0.01	0.48	0.3		0.47	0.07	-0.04	-0.02	-0.21	0.81	-0.09	-0.17	-0.02	0.13	-0.18	0.14	0.14	-0.29
Cash And Short Term Investments	0.85	-0.81	0.15	0.21	0.88	0.78	-1.0	0.9	0.16	1.0	0.87	0.47		0.44	0.47	-0.64	0.49	0.32	-0.16	0.08	0.02	0.82	0.32	0.66	0.66	-0.32
Net Receivables	0.77	-0.48	-0.24	0.71	0.74	0.78	-0.46	0.66	0.55	0.45	0.65	0.07	0.44		0.61	-0.37	0.74	-0.18	-0.08	0.7	0.05	0.79	0.6	0.74	0.74	-0.19
Common Stock Shares Outstanding	0.72	-0.73	-0.24	0.78	0.68	0.81	-0.5	0.48	0.16	0.49	0.62	-0.04	0.47	0.61		-0.53	0.83	-0.22	0.26	0.69	0.13	0.74	0.48	0.81	0.82	-0.1
Non Current Liabilities Total	-0.75	0.69	0.4	-0.49	-0.75	-0.7	0.68	-0.69	0.03	-0.64	-0.61	-0.02	-0.64	-0.37	-0.53		-0.74	-0.03	0.17	-0.3	0.27	-0.77	-0.71	-0.49	-0.49	0.47
Inventory	0.83	-0.6	-0.5	0.78	0.8	0.87	-0.53	0.64	0.2	0.51	0.69	-0.21	0.49	0.74	0.83	-0.74		-0.4	0.03	0.67	-0.15	0.86	0.78	0.72	0.72	-0.32
Other Current Assets	0.02	-0.3	0.48	-0.27	0.05	-0.06	-0.29	0.16	0.06	0.29	0.05	0.81	0.32	-0.18	-0.22	-0.03	-0.4		-0.05	-0.29	0.21	0.0	-0.33	0.0	0.0	0.02
Other Stockholder Equity	-0.09	-0.14	0.41	0.36	-0.14	0.04	0.16	-0.35	0.13	-0.17	-0.05	-0.09	-0.16	-0.08	0.26	0.17	0.03	-0.05		0.45	0.18	-0.1	-0.37	0.3	0.3	0.14
Total Liab	0.49	-0.41	-0.15	0.98	0.4	0.58	-0.11	0.21	0.56	0.08	0.38	-0.17	0.08	0.7	0.69	-0.3	0.67	-0.29	0.45		0.13	0.51	0.44	0.67	0.67	-0.04
Property Plant And Equipment Gross	0.04	-0.14	0.45	0.08	0.03	0.02	0.05	0.06	0.52	-0.03	0.09	-0.02	0.02	0.05	0.13	0.27	-0.15	0.21	0.18	0.13		0.03	-0.3	0.29	0.3	0.8
Total Current Assets	0.99	-0.82	-0.19	0.64	0.99	0.95	-0.83	0.91	0.36	0.82	0.88	0.13	0.82	0.79	0.74	-0.77	0.86	0.0	-0.1	0.51	0.03		0.65	0.84	0.84	-0.27
Short Term Debt	0.61	-0.28	-0.8	0.56	0.59	0.57	-0.36	0.55	0.04	0.34	0.45	-0.18	0.32	0.6	0.48	-0.71	0.78	-0.33	-0.37	0.44	-0.3	0.65		0.31	0.31	-0.4
Common Stock Total Equity	0.86	-0.81	0.09	0.73	0.83	0.91	-0.66	0.69	0.52	0.64	0.84	0.14	0.66	0.74	0.81	-0.49	0.72	0.0	0.3	0.67	0.29	0.84	0.31		1.0	0.02
Common Stock	0.86	-0.81	0.09	0.73	0.83	0.91	-0.66	0.69	0.52	0.64	0.84	0.14	0.66	0.74	0.82	-0.49	0.72	0.0	0.3	0.67	0.3	0.84	0.31	1.0		0.02
Other Assets	-0.26	0.22	0.31	-0.11	-0.26	-0.27	0.4	-0.22	0.46	-0.38	-0.19	-0.29	-0.32	-0.19	-0.1	0.47	-0.32	0.02	0.14	-0.04	0.8	-0.27	-0.4	0.02	0.02

Click cells to compare fundamentals

Dril Quip Account Relationship Matchups

Dril Quip fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.2B	1.2B	1.0B	972.5M	1.0B	871.5M
Other Current Liab	42.4M	35.6M	47.6M	39.0M	42.1M	26.8M
Total Current Liabilities	96.9M	85.5M	93.7M	87.6M	117.7M	97.5M
Total Stockholder Equity	1.1B	1.0B	897.1M	874.9M	881.3M	755.2M
Property Plant And Equipment Net	258.5M	241.8M	216.2M	181.3M	235.1M	204.4M
Net Debt	(393.8M)	(339M)	(350.2M)	(259.9M)	(173.6M)	(182.3M)
Retained Earnings	1.2B	1.1B	973.1M	952.7M	950.7M	715.4M
Accounts Payable	46.3M	37.4M	35.2M	43.0M	65.7M	34.7M
Cash	398.9M	346.0M	355.5M	264.8M	191.4M	216.5M
Non Current Assets Total	326.1M	288.0M	264.9M	219.9M	308.5M	228.7M
Non Currrent Assets Other	67.6M	11.0M	48.7M	10.8M	5.8M	5.5M
Cash And Short Term Investments	398.9M	346.0M	355.5M	297.0M	217.3M	218.8M
Net Receivables	248.2M	256.5M	203.6M	91.5M	284.0M	172.5M
Common Stock Shares Outstanding	36.2M	35.3M	35.3M	34.2M	34.5M	40.3M
Liabilities And Stockholders Equity	1.2B	1.2B	1.0B	972.5M	1.0B	871.5M
Non Current Liabilities Total	18.9M	24.1M	19.7M	10.0M	29.2M	30.7M
Inventory	205.1M	212.5M	145.7M	146.0M	194.6M	212.2M
Other Current Assets	481.5M	48.2M	390.1M	455.6M	23.8M	22.6M
Other Stockholder Equity	52.9M	65.6M	80.3M	90.5M	100.3M	70.0M
Total Liab	115.9M	109.6M	113.3M	97.6M	146.9M	116.3M
Property Plant And Equipment Gross	263.6M	241.8M	641.3M	597.0M	673.8M	707.4M
Total Current Assets	880.5M	863.2M	745.5M	752.6M	719.7M	642.7M
Accumulated Other Comprehensive Income	(143.6M)	(149.7M)	(156.6M)	(168.6M)	(170.1M)	(161.6M)
Short Term Debt	1.3M	1.1M	1.0M	1.1M	2.3M	2.2M
Common Stock Total Equity	371K	363K	352K	343K	394.5K	357.0K
Common Stock	371K	363K	352K	343K	394.5K	357.8K
Other Assets	22.0M	23.7M	17.0M	455.6M	523.9M	550.1M
Property Plant Equipment	258.5M	234.8M	216.2M	181.3M	208.5M	227.8M
Current Deferred Revenue	6.9M	11.3M	9.7M	4.5M	7.6M	7.2M
Net Tangible Assets	1.1B	1.0B	870.7M	851.6M	766.4M	859.7M
Retained Earnings Total Equity	1.2B	1.1B	973.1M	952.7M	1.1B	1.2B
Long Term Debt Total	224K	93K	52K	98K	112.7K	72.2K
Capital Surpluse	52.9M	65.6M	80.3M	90.5M	81.4M	70.1M
Deferred Long Term Liab	4.2M	6.8M	3.9M	3.8M	3.4M	4.6M
Intangible Assets	32.2M	29.4M	26.4M	23.3M	41.9M	44.0M
Other Liab	14.9M	24.1M	15.4M	6.1M	7.1M	11.3M
Non Current Liabilities Other	14.8M	17.4M	15.7M	6.3M	3.8M	3.6M
Cash And Equivalents	398.9M	346.0M	355.5M	264.8M	238.3M	308.6M

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Dril Quip in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Dril Quip's short interest history, or implied volatility extrapolated from Dril Quip options trading.

Pair Trading with Dril Quip

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Dril Quip position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Dril Quip will appreciate offsetting losses from the drop in the long position's value.

Moving together with Dril Stock

0.67

Tenaris SA ADR

Pair Corr

Moving against Dril Stock

0.62	DWSN	Dawson Geophysical	Pair Corr
0.51	DTI	Drilling Tools Inter Symbol Change	Pair Corr

The ability to find closely correlated positions to Dril Quip could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dril Quip when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Dril Quip - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Dril Quip to buy it.

The correlation of Dril Quip is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dril Quip moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dril Quip moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Dril Quip can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Dril Quip is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Dril Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Dril Quip Stock. Highlighted below are key reports to facilitate an investment decision about Dril Quip Stock:

How To Invest In Dril

Details

Is Dril Stock a good investment?

Details

What is Dril Quip's Net Worth?

Details

Largest Oil & Gas Equipment & Services Companies

View

Largest Energy Companies

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dril Quip. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Dril Stock, please use our How to Invest in Dril Quip guide.

You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

Complementary Tools for Dril Stock analysis

When running Dril Quip's price analysis, check to measure Dril Quip's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Dril Quip is operating at the current time. Most of Dril Quip's value examination focuses on studying past and present price action to predict the probability of Dril Quip's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dril Quip's price. Additionally, you may evaluate how the addition of Dril Quip to your portfolios can decrease your overall portfolio volatility.

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Is Dril Quip's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Dril Quip. If investors know Dril will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Dril Quip listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.63)

Revenue Per Share

12.95

Quarterly Revenue Growth

0.214

Return On Assets

0.0001

Return On Equity

(0.03)

The market value of Dril Quip is measured differently than its book value, which is the value of Dril that is recorded on the company's balance sheet. Investors also form their own opinion of Dril Quip's value that differs from its market value or its book value, called intrinsic value, which is Dril Quip's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Dril Quip's market value can be influenced by many factors that don't directly affect Dril Quip's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Dril Quip's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dril Quip is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dril Quip's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Dril Cash And Equivalents vs Capital Stock Analysis

Cash And Equivalents vs Capital Stock

Cash And Equivalents vs Capital Stock Correlation Analysis

Correlation Coefficient

Cash And Equivalents

Capital Stock

Dril Quip fundamental ratios Correlations

Dril Quip Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Dril Quip fundamental ratios Accounts

Pair Trading with Dril Quip

Moving together with Dril Stock

Moving against Dril Stock

Complementary Tools for Dril Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Total Equity
Total Current Assets	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Stockholder Equity
Total Liab	+ 0.98	Total Current Liabilities

Cash And Short Term Investments	- 1.0	Net Debt
Cash	- 1.0	Net Debt
Retained Earnings	- 0.89	Net Debt
Net Debt	- 0.89	Total Stockholder Equity
Non Current Assets Total	- 0.87	Net Debt
Net Debt	- 0.86	Total Assets